Thomas Piketty: Is Increasing Inequality Inevitable? – YouTube

“His (Piketty’s) argument, based on current and historical data, is that wealth is becoming more important because now that the rate of return on capital is higher than the rate of economic growth. When this happens, the gap between rich and poor gets bigger. In the past century wars and depressions kept the value of capital in check, but without disruption or intervention, the concentration of wealth is likely to intensify. The inevitable result? Increasing inequality.”